Jul 19, 2026 – 1.56pmIt’s down to the short strokes for Quadrant Private Equity’s TSA Riley, a $40 million-plus earnings global project consulting firm that has advised on Lendlease’s Barangaroo South project and Melbourne Airport’s Terminal 2 expansion.The Sydney buyout firm appointed investment bank MA Moelis Australia to sell 100 per cent of the business and launch a global buyer search earlier this year. Quadrant hoped the exit would deliver $500 million to its seventh fund – more than double what it paid for the company six years ago – as the firm gears up for its next important fundraising effort.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?